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The purchasing power's difference between currencies appears to trigger a person to make the decision of emigrating, but it does not look to be the only one. European Union enlargement, immigration policies, as well as different personal and/or psychological reasons, have modified migrations...
Persistent link: https://www.econbiz.de/10005430354
The paper evaluates some policy dilemmas the Czech monetary policy will face on the way towards adopting common currency. The assessment of the inflation criterion concentrates on the potential clash with so called real convergence showing that alleged negative influences on the catching-up...
Persistent link: https://www.econbiz.de/10005036586
During 1930s and 1940s Josef Macek developed monetary theory leading to monetary policy recommendations which are deeply influenced by macroeconomic theory of John Maynard Keynes. Macek became leading Czech left-wing keynesian. His theory of money was nominalist and similarly to J. M. Keynes and...
Persistent link: https://www.econbiz.de/10005036614
"no hurry" policy for euro would be beneficial for a long-term catch-up process of the Czech Republic. Use of country …
Persistent link: https://www.econbiz.de/10005036622
successful balancing between bank's demand for reserves and central bank's supply of the reserves in interbank market. I discuss …
Persistent link: https://www.econbiz.de/10005036651
and central bank inflation target. Therefore we try to analyze the crucial problems of efficiency of the inflation … Bank repo rate. For this purpose we use the framework of expectation theory with the term premium and simple deterministic …
Persistent link: https://www.econbiz.de/10005036676
The paper analyses a relationship between monetary aggregate M2 and inflation in a small open economy. The relationship between monetary expansion and inflation as well as a dynamic of income velocity of money framework in a small open economy are discussed in more details in the paper. Authors...
Persistent link: https://www.econbiz.de/10005036707
Czech National Bank's (CNB) monetary policy. The factors in question are changes in the structural characteristics of … economies in transition, changing perception of inflation risks, the inconsistency of central bank's monetary decisions and … central bank's weakened credibility and uncertainty about the efficient transmission of monetary measures. The empirical …
Persistent link: https://www.econbiz.de/10005103167
This paper examines definitions and assessments of central bank aggressiveness. It shows theoretical reasons why there …
Persistent link: https://www.econbiz.de/10005103173
The paper evaluates some policy dilemmas the Czech monetary policy will face on the way towards adopting common currency. The assessment of the inflation criterion concentrates on the potential clash with so called real convergence showing that alleged negative influences on the catching-up...
Persistent link: https://www.econbiz.de/10005808673